News Summary
New York is enhancing its semiconductor manufacturing landscape with new legislation proposed by Representative Claudia Tenney. The Building Advanced Semiconductors Investment Credit (BASIC) aims to raise the advanced manufacturing credit from 25% to 35%, extending its availability through 2030. This legislation, supporting Micron Technology’s upcoming facility in Clay, New York, emphasizes the importance of domestic semiconductor production for national security and job growth in advanced sectors. Despite political opposition, the project is set to generate significant economic activity and thousands of jobs in the region.
New York state is witnessing a significant push toward bolstering its semiconductor manufacturing capabilities with the announcement of new legislation by Representative Claudia Tenney (R, NY-24). Tenney proposed the Building Advanced Semiconductors Investment Credit (BASIC) on Thursday, which aims to increase the advanced manufacturing credit from 25% to 35%. This initiative seeks to extend the tax credit’s availability through December 31, 2030, enhancing investment incentives in domestic semiconductor production facilities.
This legislative proposal aligns with the goals of the CHIPS & Science Act, which is pivotal for financing the upcoming Micron Technology facility located in Clay, New York. Tenney’s office has expressed that extending the tax credit would encourage significant investments, leading to job growth in advanced sectors such as science, technology, engineering, and manufacturing. Additionally, she emphasized the importance of domestically produced semiconductors for national security, citing their crucial role in technology supply chains.
The opportunity for expanding semiconductor production in New York comes despite political opposition to similar initiatives. Recently, President Donald Trump criticized the CHIPS Act as a “horrible, horrible thing” during a Joint Session of Congress and recommended its repeal. Nevertheless, the Micron project remains on schedule, with confirmations from Senate Minority Leader Chuck Schumer and Onondaga County Executive Ryan McMahon that groundbreaking is set for November.
The $6.1 billion deal with Micron, finalized in December 2024, is expected to yield a staggering $100 billion investment in Central New York, creating approximately 9,000 jobs over the next two decades. In addition, projections suggest that supply chain companies will generate another 40,000 jobs due to this investment. Representative John Mannion (D, NY-22) has joined as a co-sponsor for the new legislation proposed by Tenney.
To facilitate this ambitious project, Onondaga County has procured 1,400 acres designated for the Micron chip fabrication plant. Separate from this, the county is acquiring nearly 100 acres for a semiconductor supply chain park, strategically located directly across Route 31 from the proposed facility. In a decisive move, the Onondaga County Industrial Development Agency voted unanimously to purchase several properties that include three homes for the new development.
The White Pine Science & Technology Park in Clay will be the host for various supply chain companies associated with Micron Technology. To support these developments, Onondaga County previously allocated $2.1 million for the acquisition of 105 acres tailored for the science and technology park. A new sewer pumping station has been initiated at a cost of $37.6 million, with funding sourced from user fees designed to support the upcoming developments linked to Micron.
With expectations high, Micron plans to start clearing trees for the project in November, with construction anticipated to generate substantial economic activity in the region. The project also entails a proposal for compensating for wetland destruction, which includes the creation of nearly 400 acres of new wetlands. Final approval of this wetlands mitigation plan will be a part of the environmental impact statement, with public input sessions expected to be held in June.
Micron Technology aims to develop as many as four chipmaking plants over a 20-year period, each plant covering approximately 28 acres. This indicates a strong commitment to the semiconductor manufacturing sector in Central New York, aligning with broader efforts to revolutionize domestic advanced manufacturing infrastructure. The success of such initiatives could play a crucial role in shaping the future of technology manufacturing in the United States.
Deeper Dive: News & Info About This Topic
- Syracuse.com: Micron Effect on Onondaga County
- Wikipedia: Semiconductor Manufacturing
- Syracuse.com: First Construction Related to Micron’s Plant
- Google Search: Micron Technology
- Daily Orange: Micron Receives Six Billion Federal Grants
- Google Scholar: Semiconductor Manufacturing Legislation
- Syracuse.com: Why Micron is Running Behind in New York
- Encyclopedia Britannica: Semiconductor
- Syracuse.com: Micron Spends Over $10 Million for Land
- Google News: Micron Project Clay New York
